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Prime Number Acquisition I Corp. (Nasdaq: PNAC), a blank check company, has appointed Weixiong (Jeff) Cheong as Chief Operating Officer, effective July 13, 2022. Cheong brings over 15 years of investment and management experience, previously serving as COO of Blue World Acquisition Corporation and holding key roles in various investment firms. His appointment aims to enhance the company's search for business combination opportunities. Cheong will not receive any compensation for his role. Prime Number Acquisition focuses on mergers and acquisitions while avoiding businesses based in China.
Prime Number Acquisition I Corp. (NASDAQ: PNACU) announced that starting July 6, 2022, units sold in its IPO can be separated and traded individually as Class A Common Stock shares, warrants, and rights. The separated shares will trade under the symbols PNAC, PNACW, and PNACR on NASDAQ. The units began trading on May 13, 2022, under the symbol PNACU. The company, a newly organized blank check venture, is focused on mergers or acquisitions but has not yet identified a target or initiated discussions.
WestPark Capital, Inc. announced the successful completion of an Initial Public Offering (IPO) for Prime Number Acquisition I Corp. The IPO raised $64.5 million through the sale of 6,450,000 units at $10.00 each, including an over-allotment option. Each unit includes one share of Class A Common Stock, half a redeemable warrant, and one right. The units started trading on Nasdaq under the ticker symbol PNACU on May 13, 2022. The registration statement was declared effective by the SEC on May 12, 2022.
Prime Number Acquisition I Corp. closed its initial public offering, raising $64.5 million by selling 6,450,000 units at $10.00 each. The units consist of one share of Class A Common Stock, one-half of a redeemable warrant, and one right. Each whole warrant allows the purchase of one share at $11.50. Trading began on Nasdaq under the symbol PNACU. The offering was managed by Prime Number Capital, LLC and WestPark Capital, Inc. The company is a SPAC focused on business combinations but will not merge with entities primarily based in China.